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New Zealand Gazette – 1998 – No. 158

Page 3799

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✨ Financial Statements

25 SEPTEMBER NEW ZEALAND GAZETTE 3799

TOP ENERGY LIMITED

SPECIAL PURPOSE FINANCIAL STATEMENTS

STATEMENT OF MOVEMENTS IN EQUITY

FOR THE 12 MONTHS ENDED 31 MARCH 1998

	LINE BUSINESS	ENERGY TRADING
	$	1,998
EQUITY AS AT 1 APRIL 1997	47,386,139	43,936,457
Profit after taxation	2,923,427	3,492,117
Plus revaluation of distribution asset	-	-
Total recognised revenue and expenses for the year	2,923,427	3,492,117
Less dividends	5	42,480
EQUITY AS AT 31 MARCH 1998	50,267,086	47,386,139

Represented by:

RETAINED EARNINGS

	LINE BUSINESS	ENERGY TRADING
Opening balance	10,952,578	7,767,440
Profit after taxation	2,923,427	3,492,117
Dividend paid	5	(42,480)
Transfer to capital contribution reserve	(148,139)	(264,544)
	13,685,386	10,952,578

CAPITAL CONTRIBUTIONS RESERVE

	LINE BUSINESS	Policy 2
Opening balance	712,057	447,513
Transferred from retained earnings	148,139	264,544
	860,196	712,057

ASSET REVALUATION RESERVE

	LINE BUSINESS	Policy 6
Revaluation of distribution infrastructure asset	12,503,524	12,503,524

PAID IN CAPITAL

	LINE BUSINESS
	23,217,980	23,217,980

| | 50,267,086 | 47,386,139 | 1,226,115 | 1,106,301 |

This statement is to be read in conjunction with the accompanying notes, accounting policies and audit report.
The Financial Statements have been prepared solely for the purpose of complying with regulations 6(2) and 6(3) of the Electricity (Information Disclosure) Regulations 1994 and are not intended for any other purpose.

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VUW Te Waharoa — NZ Gazette 1998, No 158

NZLII — NZ Gazette 1998, No 158

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

💰 Special Purpose Financial Statements for Top Energy Limited (continued from previous page)

Domain💰 Finance & Revenue
KeywordsFinancial Statements, Income, Expenses, Profit, Taxation, Top Energy Limited

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